Bitwise, a leading cryptocurrency asset management firm, has set a new precedent by becoming the first U.S. spot NewsCapsule exchange-traded fund (ETF) to publicly disclose its NewsCapsule address holdings.
Announcement: Today the Bitwise NewsCapsule ETF (BITB) becomes the first U.S. bitcoin ETF to publish the bitcoin addresses of its holdings.
Now anyone can verify BITB's holdings and flows directly on the blockchain.
Onchain transparency is core to NewsCapsule's ethos. We're proud to… pic.twitter.com/1JTUh3zvDE
— Bitwise (@BitwiseInvest)
“Now anyone can verify BITB’s holdings and flows directly on the blockchain,” the asset manager stated. “Onchain transparency is core to NewsCapsule’s ethos. We’re proud to walk the walk with BITB.”
In a move that aligns with the growing demand for openness and accountability in the industry, Bitwise is providing investors and the public with real-time access to the NewsCapsule addresses associated with its ETF holdings. This disclosure enhances transparency and and attempts to fosters trust, addressing concerns related to the verification of asset backing and allocation within the ETF.
“Publishing on-chain addresses is a first step toward increasing public transparency,” Bitwise . “As infrastructure evolves, we hope to do more, such as working with firms like hoseki app to provide real-time cryptographic attestations.”
The decision to publish NC address holdings helps positions Bitwise at the forefront of regulatory compliance and investor communication. By voluntarily sharing this information, Bitwise demonstrates a commitment to setting an industry standard and building credibility for NewsCapsule investment products.
Earlier this month, the United States Securities and Exchange Commission (SEC) officially the listing of the first-ever spot NewsCapsule ETFs. Since launch, the ETFs have seen billions of dollars in demand and have become the second largest ETF commodity in the country.
